Housing Wire

JULY 7, 2021

Those who are filling out purchase mortgage applications are requesting bigger loan amounts, but there are fewer applicants. “Swift home-price growth across much of the country, driven by insufficient housing supply, is weighing on the purchase market and is pushing average loan amounts higher,” Kan said.

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Housing Wire

SEPTEMBER 23, 2020

9 , Joel Kan, MBA’s associate vice president of economic and industry forecasting, said the recent rebound in refinance activity was driven mainly by borrowers applying for conventional loans. The adjustable-rate mortgage (ARM) share of activity fell slightly to 2.2% of total applications. from 3.07%.

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Housing Wire

NOVEMBER 4, 2020

“Mortgage rates continue to hover at record lows this fall. The 30-year fixed mortgage rate remained essentially unchanged at 3.01 percent last week, but rates for 15-year fixed-rate loans, FHA loans and jumbo loans all fell to new MBA survey lows.”. of total applications.

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Housing Wire

AUGUST 19, 2020

Conventional purchase applications drove last week’s increase, while applications for government loans decreased,” Kan said. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) increased to 3.13% from 3.06%.

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Housing Wire

JULY 21, 2021

This, in turn, led to mixed changes in mortgage rates. “Refinance activity fell over the week, but because rates have stayed relatively low, the pace of applications was close to its highest level since early May 2021.”. The post Mortgage applications fall amid market jitters appeared first on HousingWire.

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Housing Wire

OCTOBER 28, 2020

and jumped 24% compared to last year as average loan size reached another record high at $372,600, the report said. These results highlight just how strong the upper end of the market is right now, with outsized growth rates in the higher loan size categories. The post Refis lead the way as mortgage applications rise 1.7%

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Housing Wire

OCTOBER 5, 2023

Fannie Mae on Thursday announced that its Desktop Underwriter (DU) system will include new changes to the maximum allowable loan-to-value (LTV) ratios for two- to four-unit, principal residence, purchase and limited cash-out transactions, as well as other updates to further align the system with recent changes to the Selling Guide.

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Housing Wire

AUGUST 12, 2020

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) fell to 3.06% from 3.14%. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $510,400) fell to 3.40% from 3.51%.

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Housing Wire

SEPTEMBER 16, 2020

Purchase activity has outpaced year-ago levels for 17 consecutive weeks, with a stronger growth in loans with higher balances pushing MBA’s average loan size to a new survey high of $370,200.”. The adjustable-rate mortgage (ARM) share of activity increased to 2.3% of total applications. from 10.2% the week prior.

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Housing Wire

JUNE 16, 2021

from 0.29 (including the origination fee) for 80% LTV loans. from 0.29 (including the origination fee) for 80% LTV loans. The post Mortgage applications increase as 30-year rate falls appeared first on HousingWire.

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Housing Wire

APRIL 5, 2023

Mortgage rates declined last week as headlines on the bank crisis slowed, which could have spurred borrowers’ demand for home loans. Overall, mortgage applications declined 4.1% last week on a seasonally adjusted basis, down from one week earlier, according to the Mortgage Bankers Association (MBA).

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Housing Wire

APRIL 21, 2021

The jump in applications can be traced to mortgage rates falling to the lowest level in two months, prompting a small resurgence in refinance activity, said Joel Kan, MBA associate vice president of economic and industry forecasting. The post Mortgage applications rebound following drop in rates appeared first on HousingWire.

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Housing Wire

JUNE 9, 2021

“Most of the decline in mortgage rates came late last week, with the 30-year fixed-rate mortgage declining to 3.15 Compared to last year, fewer people are applying for purchase mortgages, the MBA reported, as home prices continue to rise and prospective buyers avoid astronomical bidding wars.

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Housing Wire

APRIL 26, 2023

Higher mortgage rates did not scare away potential homeowners last week. Borrower demand for home loans increased across the board, despite rates being at their highest level in over a month. retail residential mortgage applications. Mortgage apps also rose 4.7% for home purchases and 1.7% for refinancing.

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Housing Wire

MARCH 8, 2023

It’s counterintuitive but real: Despite surging mortgage rates , borrowers’ demand for home loans rose last week. There were very low levels of mortgage applications in the weeks prior to the surprising uptick. In addition, loan officers said that investors took advantage of a slower market.

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Housing Wire

MARCH 24, 2021

The post Mortgage applications dip as home prices climb appeared first on HousingWire.

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Housing Wire

NOVEMBER 18, 2021

Mortgage rates strongly increased above 3% in the week ending November 18, according to the latest Freddie Mac PMMS mortgage report. The 30-year fixed-rate mortgage hit 3.10%, up 12 basis points from 2.98% the week prior. A year ago at this time, the average 30-year fixed-rate loan averaged just 2.72%.

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Housing Wire

AUGUST 18, 2021

The refinance share of mortgage activity decreased to 67.3% The share of applications for conventional purchase loans decreased from the week prior, while Federal Housing Administration and Veterans’ Affairs loans, typically popular with first-time homebuyers, gained a larger share. of total applications from 68.0%

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Housing Wire

JANUARY 13, 2022

The average 30-year fixed rate mortgage increased to 3.45% during the week ending Jan. 13, up from 3.22% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed rate mortgage averaged 2.79%. A year ago at this time, it averaged 2.23%.

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Housing Wire

OCTOBER 6, 2021

Joel Kan, MBA’s associate vice president of economic and industry forecasting, said that “higher rates are reducing borrowers’ incentive to refinance, as declines were seen across all loan types.” drop in conventional loans application. According to Kan, it was not enough to bring down the average loan balance of $410,000.

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Housing Wire

MARCH 23, 2023

The collapses of Silvergate Bank , Silicon Valley Bank and Signature Bank , the rescue of First Republic Bank and the acquisition of Credit Suisse by UBS, brought turbulence to the financial markets that led to a decline in mortgage rates – despite the Federal Reserve hiking federal funds rate by 25 basis point on Wednesday.

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Housing Wire

JANUARY 6, 2022

The average 30-year fixed rate mortgage increased to 3.22% during the week ending Jan. 6, up from 3.11% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed rate mortgage averaged 2.65%. A year ago at this time, it averaged 2.16%.

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Housing Wire

FEBRUARY 17, 2022

The average 30-year-fixed rate mortgage climbed to 3.92% for the week ending Feb. It’s the highest level since May 2019, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.81%. 17, up 23 basis points from the previous week.

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Fixed-rate mortgage Mortgages Loans Industrial 448

Housing Wire

MARCH 24, 2022

And there’s good reason to believe mortgage rates will be in the 5% range before too long. According to data from Freddie Mac ‘s PMMS survey, mortgage rates on the traditional 30-year fixed-rate mortgage jumped 26 basis points to 4.42% this week, with increases across all loan types.

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Housing Wire

JUNE 28, 2022

Roughly a year ago, the Austin-based fintech began to sell its loans to First Guaranty Mortgage Corporation (FGMC), a lender and investor that specializes in non-qualified mortgage loans and is controlled by behemoth investment management firm Pacific Investment Management Company (PIMCO). . Treasury rates. .

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Housing Wire

JANUARY 6, 2021

For many middle-aged and older homeowners with several years of equity on their homes, 2021 could be a prime time to refinance from a 30-year fixed-rate mortgage into a 15-year mortgage. But the possibility of reduced future earnings is another key reason some refinance into a 15-year loan. Presented by: Citi.

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Housing Wire

SEPTEMBER 28, 2023

Just before noon on Thursday, they were Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.31% as of Sept. By contrast, the 30-year fixed-rate mortgage was at 6.70% a year ago at this time.

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Housing Wire

DECEMBER 28, 2023

As we prepare to bid adieu to 2023, mortgage rates this week again stayed below seven percent. The 30-year fixed-rate mortgage averaged 6.61% as of Dec. 28, a slight decrease from the 6.67% rate recorded on Dec. 21 according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday.

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Housing Wire

DECEMBER 23, 2021

The average 30-year-fixed rate mortgage dropped to 3.05% during the week ending Dec. 23, after achieving 3.12% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.66%. A year ago at this time, it averaged 2.19%.

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Fixed-rate mortgage Mortgages Technology Closing 480

Housing Wire

JANUARY 20, 2022

The average 30-year-fixed rate mortgage climbed to 3.56% during the week ending Jan. 20, rising from 3.45% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.77%. Mortgage rates moved up again as the 10-year U.S.

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Fixed-rate mortgage Mortgages Lending Loans 482

Housing Wire

OCTOBER 5, 2023

Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.49% as of Oct. By contrast, the 30-year fixed-rate mortgage was at 6.66% a year ago at this time.

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Housing Wire

SEPTEMBER 16, 2021

According to Freddie Mac, the 30-year-fixed-rate mortgage was down slightly from last week’s 2.88% (with an average of 0.7 The 15-year-fixed-rate mortgage averaged 2.12% last week, a slight decline from the prior week’s 2.19%. A year ago, the average 15-year-fixed-rate mortgage was 2.35%.

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Fixed-rate mortgage Mortgages Lending Loans 497

Housing Wire

SEPTEMBER 30, 2021

Mortgage rates had been roughly flat for seven weeks, and this is the first time it rose above 3% since June. Sam Khater, Freddie Mac’s chief economist, said in a statement that rates rose across all loan types, in conjunction with the 10-year U.S. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.88%.

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Fixed-rate mortgage Mortgages Banks Loans 501

Housing Wire

OCTOBER 19, 2023

Rates on the 30-year fixed-rate mortgage eclipsed 8% this week as the Treasury yield surpassed 4.9% Per Mortgage News Daily , mortgage rates touched 8.03% on Wednesday, up from 7.69% the previous week. By contrast, the 30-year, fixed-rate mortgage was at 6.94% a year ago at this time.

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Housing Wire

JANUARY 24, 2024

There is still little incentive for homeowners to refinance with rates at these levels.” The MBA survey shows the average mortgage rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.78% last week, up from 6.75% the prior week.

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Housing Wire

AUGUST 26, 2021

The average 30-year fixed-rate mortgage held steady at 2.87% for the week ending in August 26, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates declined slightly to 2.86%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.91%.

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Fixed-rate mortgage Mortgages Loans Construction 493

Housing Wire

JANUARY 18, 2024

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6%

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